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Posted by removeps-groups@yahoo.com on February 23, 2008, 5:41 pm
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If you owe money to the IRS, can you write multiple checks? The
instructions on page 60 say "Make your check or money order
payable ... for the full amount due", but it seems they can as easily
cash 2 checks.
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Posted by Paul Thomas on February 23, 2008, 8:12 pm
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> If you owe money to the IRS, can you write multiple
> checks? The instructions on page 60 say "Make your
> check or money order payable ... for the full amount
> due", but it seems they can as easily cash 2 checks.
Clearly you think like a sane individual. But remember that the goal at IRS
is to have all the checks from today's mail in the bank before 2pm. So when
they open the envelope and pull out one check, they've done their job and
stop looking for a second check. May I suggest you transferring the funds
to one account, and write one check, so "the machine" feels good when they
find one check and you don't get upset when the notice of underpayment of
taxes arrives several months later.
--
Paul A. Thomas, CPA
Athens, Georgia
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<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>
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Posted by removeps-groups@yahoo.com on February 23, 2008, 11:01 pm
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> Clearly you think like a sane individual. But remember that the goal at IRS
> is to have all the checks from today's mail in the bank before 2pm. So when
> they open the envelope and pull out one check, they've done their job and
> stop looking for a second check. May I suggest you transferring the funds
> to one account, and write one check, so "the machine" feels good when they
> find one check and you don't get upset when the notice of underpayment of
> taxes arrives several months later.
So could I connect the checks together with a paper clip or staple?
Transferring money between accounts takes up to 5 days, which is a lot
if you're paying interest.
--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>
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Posted by Bill Brown on February 24, 2008, 9:19 am
Please log in for more thread options On Feb 23, 11:01 pm, "removeps-gro...@yahoo.com" <removeps-
gro...@yahoo.com> wrote:
>
> > Clearly you think like a sane individual. But remember that the goal at IRS
> > is to have all the checks from today's mail in the bank before 2pm. So when
> > they open the envelope and pull out one check, they've done their job and
> > stop looking for a second check. May I suggest you transferring the funds
> > to one account, and write one check, so "the machine" feels good when they
> > find one check and you don't get upset when the notice of underpayment of
> > taxes arrives several months later.
>
> So could I connect the checks together with a paper clip or staple?
> Transferring money between accounts takes up to 5 days, which is a lot
> if you're paying interest.
Paul Thomas gave you good advice. By the way, I'm able to transfer
cash between accounts at different financial institutions in about 10
minutes. Admittedly, those two institutions are only 10 minutes apart
by car.
--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>
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Posted by Han on February 24, 2008, 1:18 pm
Please log in for more thread options 379c0f2535a9@72g2000hsu.googlegroups.com:
> By the way, I'm able to transfer
> cash between accounts at different financial institutions in about 10
> minutes. Admittedly, those two institutions are only 10 minutes apart
> by car.
>
Umm, a check presented for deposit may take more than 24 hrs to clear and
be available for withdrawal. But, indeed, if you send a paper check to the
IRS by snail mail, you should be able to transfer the money by physically
presenting checks to the bank on which you draw the money if you do so at
least 1 full business day before you mail the check to the IRS (I think).
--
Best regards
Han
email address is invalid
--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>
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